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Wyoming s economic performance in first quarter reflects energy sector s downturn from pandemic | Kiowa County Press
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Wyoming s economic performance in first quarter reflects energy sector s downturn from pandemic
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A gas plant near Casper
Wyoming s Economic Analysis Division says the first quarter of 2021 included major losses in jobs and revenue from the previous year. Places like Niobrara, Converse and Campbell counties experienced huge drops in sales and use taxes.
The Division s Chief Economist Weinlin Liu noted that the first quarter of 2021 saw almost 16,000 fewer jobs, mostly in the energy industry, which led to an overall decline of sales and use taxes by almost 5 percent. However, non-mineral economies, especially Teton and Albany counties, gained roughly 30 percent gains from the previous year. Liu said that was due to federal stimulus money which also drove up personal income by more than 11 percent.